Currently, the pullback is generally viewed as a technical correction or consolidation after a breakout, which helps to reset leverage and digest profit-taking, laying a healthier foundation for subsequent movements. In summary, the short-term technical structure remains bullish, but the upward space may be limited by nearby strong resistance zones. The market is digesting recent gains through a correction, and paying attention to the defense of key support levels will be an important basis for judging whether the upward trend can be resumed.

On the technical side, at the 4-hour level, Bitcoin remains in an upward structure. The horizontal support at 94,700 is crucial; as long as the price stays above this level, the short-term bullish outlook is valid. The current price decline can be seen as a retest of this support zone.
· Upper targets and risks: The key resistance area to watch above is between 98,000 and 99,000 USD. If successfully broken through, market attention will shift to the 100,000 mark. Closer resistance is around 97,500-97,800.
· Support lines below: The nearby support is around 95,000. A stronger support cluster is located at 92,800, while the 91,000-92,000 range is considered a broader trend foundation.
Ethereum's structure is synchronized with Bitcoin, overall still bullish. The current key is to hold the rising trendline and support area near 3,280. The price consolidating above this level is a healthy pause within the uptrend.
· Upper targets and risks: Initial resistance is around 3,350, with key resistance at 3,400. A successful breakthrough above 3,400 would target 3,500 USD next. From a more macro perspective on the daily chart, Ethereum is in a clear ascending channel, with the upper channel resistance around 3,600.
· Support lines below: The main support is the trendline at 3,280. If broken, it may further retest the 3,230 and even 3,200 levels. #btc #eth